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MidwestCRE

Marcus & Millichap sells PNC Bank ground lease

Staff Writer April 5, 2017
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Marcus & Millichap Real Estate Investment Services has announced the sale of PNC Bank, a 21,270-square-foot ground lease located in Bensenville. The asset commanded a sales price of $2.2 million.

Sean Sharko and Austin Weisenbeck, net-leased investment specialists in Marcus & Millichap’s Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a limited liability company was also secured by Sharko and Weisenbeck.

PNC Bank is located on the northeast corner of Grand Avenue and York Road. The subject property is positioned in a strong retail area on an outparcel to a Dominick’s grocery anchored shopping center.

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